Tether to move over 1B USDT from Tron to Ethereum and Avalanche
Tether announced that $1 billion USDT will be transferred to Ethereum while another $20 million USDT will go to Avalanche. The company also noted that it’s “business as usual” amid the current market panic.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Tether announced that $1 billion USDT will be transferred to Ethereum while another $20 million USDT will go to Avalanche. The company also noted that it’s “business as usual” amid the current market panic.
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Nakamoto Gets Extra Year on 60 Million USDT Kraken Loan; Derivatives Count Toward Collateral
Nakamoto Inc. (NAKA) is a bitcoin treasury company, a public company holding bitcoin as a core asset, and has borrowed against it....
Meta Tests Prediction Markets, DOJ Moves on $1.2 Billion in Binance Hack Funds, and Ancient Bitcoin Stirs
Meta tests a points-based prediction-market app, the DOJ moves to seize $1.2 billion from the Binance hack, and 16-year dormant Bi...
RWA protocol stUSDT winds down after TVL peak of approximately $2.3 billion
The stUSDT shutdown highlights the volatility and risks in DeFi, emphasizing the need for robust exit strategies and liquidity man...
Bitcoin ETFs Shed $2.35 Billion in Two Weeks as BlackRock’s Outflow Streak Hits 11
Bitcoin ETF outflows have reached $2.347 billion across the first two completed November trading weeks, leaving a persistent hole...
Meta Tests Prediction App as DOJ Moves on $1.2 Billion in Binance Hack Funds
Meta is testing a points-based prediction app called Takes as Kalshi and Polymarket face lawsuits, while the DOJ won approval to s...
Meta Tests Prediction-Market App as DOJ Moves to Seize $1.2 Billion From Binance Hack
Meta internally tests Takes, a points-based prediction-market app, as the DOJ wins approval to seize $1.2 billion from the $6 bill...